Henry Fernandez says the global index provider is reweighting investments by companies to factor in climate-related risks.
As the world grapples with climate change, businesses are set for a major transformation. Some companies would need to find new business areas (for instance, automakers’ move into electric vehicles). Others would have to deal with the looming physical dangers of climate change to their operations and assets. Most of all, it’s imperative that companies reduce their carbon footprint to attract sustainability-linked investments.
So, what is at stake for businesses?
Companies need to move fast—and early—to measure their carbon footprint and decarbonize their operations, or else they will lose their competitive advantage, their cost of capital will go up and …
Nihar Gokhale led the Chaos coverage at The Morning Context. Nihar wrote on the environment, the economy and resource conflicts in India. He has reported from across the country on everything from displacement, pollution and environmental violations to land regulation, corruption and human rights. He was earlier associate editor at Land Conflict Watch, and his work has appeared in Scroll, The Wire, IndiaSpend, The Caravan and Mongabay India.
Editor, Chaos
nihar@mailtmc.com
Delhi